Rithm Property Trust Inc. (NYSE:RPT) Plans $0.36 Quarterly Dividend

Rithm Property Trust Inc. (NYSE:RPT) announced a quarterly dividend on Monday, April 20th. Stockholders of record on Friday, May 15th will be given a dividend of 0.36 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Friday, May 15th.

Rithm Property Trust Trading Up 0.8%

NYSE:RPT traded up $0.11 during mid-day trading on Tuesday, hitting $14.75. 1,019 shares of the company’s stock traded hands, compared to its average volume of 34,107. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.90 and a quick ratio of 0.90. Rithm Property Trust has a twelve month low of $12.88 and a twelve month high of $18.12. The firm has a market capitalization of $111.66 million, a P/E ratio of -43.40 and a beta of 1.29.

Wall Street Analysts Forecast Growth

RPT has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Rithm Property Trust from a “strong sell” rating to a “sell” rating in a research note on Friday. Weiss Ratings began coverage on shares of Rithm Property Trust in a report on Wednesday, April 8th. They issued a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Rithm Property Trust presently has a consensus rating of “Sell”.

Rithm Property Trust Company Profile

Rithm Property Trust Inc is a real estate investment trust (REIT) externally managed by an affiliate of Rithm Capital Corp. (Rithm). The company focuses on commercial real estate-focused investment, including originating, acquiring and managing portfolios of CMBS, commercial real property, commercial mortgage loans and other CRE investments. It has two reportable operating segments: Residential and Commercial. The majority of the company’s revenue is derived from the Residential segment, which is focused on managing a portfolio that includes residential mortgage assets, including whole mortgage loans, RMBS and beneficial interests.